Colombia: Rich & Attractive Mining
- CESAR is located in NE Colombia along the Andean belt, the worlds largest copper producing belt
- New President is pro business, mining and investment
- Elephant hunting for the next Kupferschiefer, world’s #6 copper and the worlds #1 silver producer
- Majors with a presence in Cesar State:
Excellent Infrastructure
Major Mining Presence
- Anglo-BHP-Xstrata: operate South America’s largest coal mine: Cerrejon
- Glencore
- Drummond
- Chevron
Infastructure
- Major Towns
- Sea Port, Airport, Rail
- Hydroelectric Power
- Road Access to Site
Copper + Silver Exposure
First Discovered in late 2019, has already attracted 2 Majors
The wholly owned* CESAR property is located along the Andean Belt, the worlds #1 producing copper belt, 420-km north of Bogota, NE Colombia. The 40-km long CESAR target zone lies nearby major infrastructure and mining operations (BHP, XStrata, Anglo American). CESAR is very similar to Kupferschiefer, the worlds #6 copper and #1 silver producer. The 11-km AM NORTH zone is open in all directions with highlight values of 34.4% copper + 305 g/t silver across 0.5-metre continuous horizon. The 4 x 3-km AM SOUTH zone is 40-km SWW of AM North and is open in all directions, with highlight values of 5.8% copper + 80 g/t silver from 0.1 to 25-metre horizon intervals. MAX aims to continue to expand the CESAR to Kupferschiefer footprint comparison.
*Subject 15% Profit Share of Product. Max has exclusive first right to buy.
Kupferschiefer Similarities
Kupferschiefer: worlds #6 copper + #1 silver producer: 1.5% copper + 49g/t silver mining from 500m depth with 2-metre mining width; mineralization spread over 300sq.km
CESAR target: 1.0% copper + 20 g/t silver mineralization at surface; 300sq.km mineralization target
CESAR: proven Kupferschiefer exploration model:
- Continuous mineralized horizon, dips gently to NW, outcrops on hillsides and in creeks
- Identify very large surface footprint target of 300sq.km
- Logging and XRF of oil/gas drill hole core/chips for the presence of copper
- Interpretation of seismic data over an area of 40-km by 20-km
Comparing CESAR and KUPFERSCHIEFER
| CESAR | KUPFERSCHIEFER | |
| Lithology | Sediment hosted | Sediment hosted |
| Mineralogy | Copper oxides, Chalcocite, Covellite, Native Copper | Chalcocite, Covellite, Bornite, Chalcopyrite |
| Depth | Mineralization Cropping on Surface | Mineralization starts at 500-metre depth Mining is done at depth below 700-metre |
| Dimensions | AM North - Herradura: 4 x 2 km AM North – Ventana: 3 x 2 km AM South - Molino: 3 x 4 km All 3 areas potentially connect forming over 40 km long and minimum 5 km wide (and open down dip) mineralized horizon |
15 x 20 km (approx.) |
| Grade | Target; Bulk tonnage, grades of 1.0% copper + 20 g/t silver Highlights: 43.4% copper and 305 g/t silver (AM North) Highlights: 5.8% copper and 80 g/t silver (AM South) |
Bulk tonnage,1.49% copper and 48.6 g/t silver |
| Thickness | 0.1 to over 5.0-metre | 0.5 – 5.5-metre (mineable width 2-metre) |
| Mineralogy | Copper oxides, Chalcocite, Covellite, Native Copper | Chalcocite, Covellite, Bornite, Chalcopyrite |
| Mining Method | Open pit followed by underground accessed by ramps | Underground via shafts |
| Metallurgy | Not done, copper & silver extraction via flotation process | Flotation |
Newly Discovered AM North
Size: 11-km stratabound Copper-Silver mineralized zone
AM North Discovery: Herradura and Ventana, 11-kms apart
Herradura Zone: stratabound copper + silver mineralization open in all directions located at the northern end of an 11-km zone, highlight grades at various intervals: 4 to 34.4% copper and 28 to 305 g/t silver
Ventana Zone: located at the southern end of the same mineralized zone. Stratabound, only 3 x 1.8 -km mapped, open in all directions, highlight grades of 2.1 to 4.6% copper and 7 to 22 g/t silver
High-Grade Copper-Silver Component
“Herradura Discovery” open in all directions, returning highlight values of 24.8% copper + 230 g/t silver continuous 4-metre by 1-metre outcrop and 34.4% copper + 305 g/t across 0.5-metre
Bulk samples 1.8-km apart returned 9.4% copper + 79 g/t silver and 3.5 % copper + 29 g/t silver
Major Discoveries at AM SOUTH
- AM SOUTH, 40-km SW along the same mineralized trend as AM NORTH
- AM SOUTH horizons exceed 5.8-km of strike length, highlight values of 5.8% copper and 80 g/t silver from 0.1 to 25-metre horizon intervals
- EDS Analysis by AGH identified silver bearing chalcocite
Stratabound Copper-Silver Mineralization:
- AM-1 was followed for 2.4 kilometres
- AM-2 was followed for 1.1 kilometres
- AM-3 was followed for 3.1 kilometres
- Open along strike and down dip
Attracting World Class Groups
- Max has entered into a non-binding collaboration CA on CESAR with one of the world’s leading copper producers
- Consulting AG with Fathom Geophysics
- Recently entered into a non-exclusive CA with a Global Miner in respect to the CESAR copper-silver projects
- Ongoing studies with the University of Science and Technology (AGH) Krakow, Poland, who have a long history of co-operation with KGHM, Europe’s largest copper producer and the world’s largest silver producer
- Geológica Universidad Nacional de Colombia in Medellín are conducting on-going structural studies of CESAR
Exploration Awaiting Results & Activities in Q4
- Focus on district scale landholding expansion
- Awaiting AM North and AM South assay results
- Initial Fathom technical study results due
- AGH geochemical and metallurgical programs are ongoing
- Significant step of digitizing the available historic seismic data is underway
- First phase logging of the historic oil/gas drill core/chips, second phase of successfully identifying copper may be a game changer
- November/December field exploration programs
Max cautions investors the presence of stratabound copper-silver mineralization at Kupferschiefer is not necessarily indicative of similar mineralization at Cesar.